After a straight five week gains, Nifty drifted down last as investors resorted to profit booking.
Nifty edged lower in four out of five trading sessions during the last week. Despite Demonetization the Government claims the GDP growth as 7% in Q3 December 2016. The IIP rose 3.4% in January 2017 over January 2016. Its cumulative growth was 4.8% in April-January 2016-2017.

In the US, its president Donald Trump promised to provide tax cuts for companies and middle-class citizens, invest $1 trillion in infrastructure. The Pres. made no suggestions on how he would pay for his plans. Interestingly, initial jobless claims fell to their lowest level in over 40 years which could help the FED to hike the rate.

Technically, the Nifty has a key resistance at around 9100+ and if it is broken then it could land at the coveted figure of 10000!

How to play the current market?

The retail investors should play carefully now. In order to help you understand the current market situation we have used a Tamil movie clip which should illustrate you how to react to the current market situation. We have also added English subtitle to make it easy to follow the conversation. Here is the link: